Expat Employers – Obtain a free country risk profile report

TFG Global and its division Expat Financial is now offering a complimentary country risk report to global HR managers who allow our firm to examine their global benefit plan and obtain quotes from the market. Such international group insurance plans can include vital health, evacuation an/or life insurance for their expatriate employee population.

If you are sending your employees abroad, it is vital that your organization live up to its duty of care as failure to do so will expose management, employees and the company to legal and financial liabilities. As we all know, it is a very chaotic and dangerous world out there, and civil unrest, crime, war, and terrorism can strike wherever your expatriates are posted, especially in high-risk countries. Our firm has extensive experience in covering expatriates in high-risk regions. We have had to work with clients who have unfortunately been impacted by terrorist attacks, kidnappings and civil unrest – our level-headed and quick action was invaluable for our clients and their employees.

We are pleased to extend this offer to companies willing to work with a specialist firm such as ours. These incredibly detailed and valuable country risk profiles will provide essential insights for your company and expats. It will also allow management to plan for more eventualities and minimize risks. For our kidnap and risk insurance clients, they will receive complimentary online access to this information that is updated continuously and highly detailed.

The country risk report and travel guide reports will provide the following information that will enable you to make more informed decisions when sending employees overseas on long and short-term assignments:

  • Destination country’s risk score – from stable to terminal threat
  • Areas of concern
  • Travel safety and pre-trip recommendations
  • Risk projections
  • Analysis of security – including crime & terrorism risks
  • Security recommendations
  • Political risk profile
  • Details on specific regions of the country where precautions are recommended
  • Medical profile
  • Kidnap & ransom profile number on a scale from 1 to 4
  • Details on recent incidents.

We can obtain a risk overview & travel safety report for up to 180 countries and 400+ cities. To receive a report and talk to us about the insurance for your expat population, please contact us today. If our company is assigned as your broker of record for your existing or new global benefit plan, the above reports will be available for any country that you are sending employees to upon request.

 

Legal Notice Regarding this Offer: The above offer can be withdrawn at any time without notice. We can only release one country report to companies or organizations who have 2 or more expatriates employees which allow us to obtain quotes from the market for their global expat insurance program after releasing the current plan contract, premiums, reports, and expat employee census information that is vital for us to obtain accurate quotes and provide our report and recommendations. The above offer is not available to expat employers based in the USA and other select countries. We reserve the right not to quote or offer this report to your company. The reports are not available to individuals.

Going to a conflict zone? Get special risk insurance coverage

Unfortunately, we live in a world that has many regions and countries where war and terrorism are commonplace. Nearly all mainstream travel medical insurance and expat health policies have restrictions on claims that are the result of war, terrorism, riots and civil strife. Some others will exclude coverage in well known high-risk countries such as Iraq and Afghanistan. Most people will not travel to such countries for pleasure, though that has been the case in Afghanistan recently where the Taliban attacked some “adventure tourists.” In general, people are travelling to high-risk countries for the following reasons:

  • To conduct aid work with NGOs
  • As reporters for news organizations and outlets
  • To conduct business, especially in the mining and oil industries. This can also include companies selling services and products to businesses or government entities in these countries
  • As part of a government delegation or embassy assignment
  • Or to see family members

Whatever your reason for travelling to a high-risk country, it makes sense to obtain adequate insurance coverage that will not exclude war or terrorism if you get caught up in an unfortunate event. It may or may not be available depending on your country of residence as obtaining individual war risk coverage is much more difficult than sourcing a group plan for employees. The kind of coverage we would want for visiting high-risk countries are plans that cover passive war and terrorism coverage, which means you are an innocent bystander and not an active participant in terrorism and war.

If you are travelling to a high-risk country for under one year, then most people will want an emergency only travel medical insurance plan that can cover passive war risk. If you are an individual who is going to become an expat in a conflict zone or country where terror is commonplace, then it will be wise to see if the individual expat health plan can cover war/terrorism – unfortunately, most if not all individual expat health plans will have a war and terrorism exclusion. Expat Financial through our parent company TFG Global can source excellent group expat benefit plans that can cover expat employees in high risk and even war zones which can cover passive war and terrorism. We can also source group business travel plans that can cover claims that are the result of a war or terrorist act. Please contact us to see if we can find a plan for your company.

Recent terrorist attacks reminds us of the importance of terrorism coverage for expats

Unfortunately, the world has been gripped by an increase in the number of high profile terrorist attacks, including Paris, Thailand, Indonesia and the recent terrorist attack by ISIS operative in Brussels, Belgium. The recent advances of the terrorist group ISIS in Iraq, Libya, Syria and other countries have unfortunately increased the level of terrorism and civil strife in the region. Unfortunately, the terrorist ideology is spreading from countries such as Syria and Iraq throughout many parts of the world. Europe is currently in the grip of a major terrorist threat.

Normally, expatriate employers and individual expats will want to obtain a policy which doesn’t exclude terrorism, war or civil strife if they are residing or visiting high-risk countries where terrorism and other disturbances are a commonplace occurrence. However, the recent events in “safe countries” such as France and Belgium, may cause many expatriate HR managers and even individual expatriates to start thinking about obtaining a plan that will not exclude a claim that is the result of being caught up as an innocent bystander should terrorism strike. Most expat health, life, and disability plans will exclude passive war and terrorism. Passive war or terrorism means you were not being an active participant in the even and were simply caught up as an innocent bystander. However, TFG Global/Expat Financial is able to source global medical coverage, international life & disability and other coverage that will cover passive war and terrorism – usually on a group basis, but we can sometimes source individual plans as well for some travellers and expats.

If your company is sending people abroad, today’s risk environment may necessitate obtaining a plan that will cover today’s terrorist environment where such events can strike almost anywhere. Luckily, our company is highly experienced in covering employees and travellers to very high-risk countries such as Iraq, Afghanistan, and Somalia. The international group insurance plans that we can source for multinational employers, governments and NGOs often include war risk at little or no extra charge. We are also a Lloyds of London appointed agent which has direct access via our underwriters in London and can source coverage for employees in the riskiest and challenging regions. These underwriters can source individual risk coverage that can meet almost any risk matrix.

It’s the world we live in, and terrorism will likely not reduce in the near or medium term. It makes sense for expat employers to obtain coverage that will protect their employees against terrorism risk in high and low-risk regions of the world. We can only hope for the best that terrorist events will become less frequent, but plan for the worst.